CFY CF Energy Corp

Changfeng Energy Inc. ("Changfeng" or the "Company") (TSX VENTURE:CFY), a
natural gas utility in China, announced that the Company has entered into a gas
sales contract with a key customer at the Xiangdong ceramic industrial park,
Pingxiang city, Jiangxi province.


According to the contract, the Company will supply a total of 1 million cubic
metres (approximately 35.3 million cubic feet) of natural gas per year to the
customer at a price promulgated by the Development & Reform Commission of
Pingxiang city. Gas payments will be made by the customer on pre-paid basis
through an IC card system. The Company will collect a connection fee for
installing the service pipeline and connecting the gas supply system to the
customer within a month of the date the contract was signed.


Currently the Company is conducting the pre-operation testing and safety
inspection of the pipeline and system. The Company expects to start commercial
operation in January 2013.


"We are very delighted and excited to secure a gas sales contract with the
customer at the industrial park," stated Mr. Huajun Lin, Chairman and CEO of the
Company, "A good start, this is the first major gas sales contract signed for
the Xiangdong project before it is in commercial operation and we anticipate
that we will secure more major sales contracts with customers in the future."


About Changfeng Energy Inc.

Changfeng Energy Inc., is a local natural gas distribution company ("LDC" or
natural gas utility) with operations located throughout the southern part of
People's Republic of China. The Company serves industrial, commercial and
residential customers, providing them with natural gas for heating purposes and
fuel for transportation. The Company has developed a significant natural gas
pipeline network as well as urban gas delivery networks, stations, substations
and gas pressure regulating stations in Sanya City & Haitang Bay. Through its
network of pipelines, the Company provides safe and reliable delivery of natural
gas to both homes and businesses. The Company is headquartered in Toronto,
Ontario and its shares trade on the Toronto Venture Exchange under the trading
symbol "CFY". For more information, please visit the Company website at
www.changfengenergy.com.


Forward-Looking Statements

Information set forth in this news release may involve forward-looking
statements under applicable securities laws. The forward-looking statements
contained herein are expressly qualified in their entirety by this cautionary
statement. The forward-looking statements included in this document are made as
of the date of this document and the Company disclaims any intention or
obligation to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, except as expressly
required by applicable securities legislation. Although Management believes that
the expectations represented in such forward-looking statements are reasonable,
there can be no assurance that such expectations will prove to be correct. This
news release does not constitute an offer to sell or solicitation of an offer to
buy any of the securities described herein and accordingly undue reliance should
not be put on such.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Changfeng Energy Inc.
Mr. Kevin M. Zhang
Chief Financial Officer
416.362.5032
kevin@changfengenergy.com


Changfeng Energy Inc.
Ms. Ann S.Y. Lin
Corporate Secretary
416.362.5032
ann@changfengenergy.com
www.changfengenergy.com

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過去 株価チャート
から 6 2023 まで 6 2024